Category: Markets

The wealth reserve of the legislature of Singapore has monetarily sponsored the world’s biggest cryptographic money trade, Binance, flagging a developing connection between the nation and the digital currency network. This organization means to build up a fiat-to-crypto trade in the city-state. Vertex Ventures, the funding arm of Temasek Holdings, said it made an interest...

Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer service administrator on the platform’s English-language Telegram...

China has launched a “Blockchain Test Zone” section in its recently-established Free Trade Zone on Hainan island. The project already involves a number of big-name companies and institutions including Oxford University, the People’s University of China, and the Ministry of Industry and Information Technology. It’s another step towards China’s goal to become a world leader...

China Top Coins – Infographics about the top Chinese coins, which include more specific data about 24h trading volume, the number of transactions made within 24h, the number of active addresses within 24h and the comparison between the ATH and current market cap. The goal of this series was to create something new and unique...

One of the world’s largest crypto exchanges by trading volume wants to set up fiat-to-crypto trading platforms on almost every continent. Binance founder and CEO Zhao Changpeng closed out the first day of CoinDesk’s Consensus Singapore event with a fireside chat, where he discussed a range of topics, including how he grew Binance from a...

Grandshores Technology Group, a Hong Kong-listed contractor-turned-blockchain investor, plans to raise HK$100 million (US$12.7 million) via a digital token fund to finance a yen-backed cryptocurrency project. Grandshores Technology’s pivot to blockchain investment is the result of an acquisition of SHIS by a company controlled by Yongjie Yao in May and its subsequent back door listing....

A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out. According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is...

Kuaidi Dache founder Andy Chen Weixing was forced out of China’s ride-hailing industry in 2015 after his company merged with competitor Didi Dache to end a ruinous price war and form a larger service provider, Didi Chuxing. As the management at ride-hailing giant Didi struggles to contain the fallout from a second passenger killed in...

A county in China’s northern Sichuan province has signed a strategic cooperation contract to establish a new blockchain company in an effort to develop the forestry industry, local news outlet China Net reported August 24. The Beichuan Qiang Autonomous County of Sichuan Province and Beijing Sinfotek Group have jointly established a new company, Hangzhou Yi...